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Search Results 0 to 15 of about 16 (some duplicates have been removed)
britain is debating whether to lead the eu, why does turkey want to become a full member of the club? and a man who came close to the european union's first marxist prime minister has increased the political and d in athens. he was nicknamed sexting slc -- secy alexi. we went to see if there really is this problem in greece. please be warned, there is some flash photography. >> greece is a place where economic crisis has given way to social crisis. strikes paralyzing the capital, and now, political violence. somebody fired a kalashnikov. now, the left wing has increase the ante, making accusations about the secret service in the 1970's. in 1969, a bomb in the -- in milan left several dead. it is a state with in a state. a strategy of tension. today, there is the gospel of the present great government. the coalition government brought about last year has stabilized the fiscal situation, but it is politically fragile. this is becoming perhaps the first marxist prime minister. >> a secret strategy of creating violent attention. >> it is not exactly a secret strategy. i think it has been
to provide a voice of the world. last week's european council agreed the overall limit on eu spending for the next seven years, starting in 2014. been agreed in the past, spending has gone up, but last week we agreed that spending should come down. by working with like-minded allies, we delivered a real- terms cut in what brussels can spend for the first time in history. as the house knows, the eu budget is negotiated annually, so what we were negotiating -- initially at the council last november and again last week -- was not the individual annual budgets, but rather the overall framework for the next seven years. this includes the overall ceilings on what can be spent -- effectively, the limit on the european union's credit card for the next seven years. during the last negotiation, which covered the period 2007 to 2013, the last government agreed to an 8% increase in the payments ceiling, to 943 billion. put simply, this gave the eu a credit card with a higher limit, and today we are still living with the results of allowing the eu's big spenders to push for more and more spending
, which france says it would back. eu foreign ministers have been talking about the conflict, agreeing that african troops should take over from the french asap. >> here's more on the story beginning with germany's involvement. >> german aircraft could soon be used to support french intervention in mali, providing mid-air refueling to french planes as they go to combat zones. the proposed increase in german military involvement has been welcomed by lawmakers from the governing coalition. >> it is about making more support available to our french partners. to help make sure that mali does not turn into a breeding ground for international terrorists. >> germany has already provided two military transport planes to help transport african union troops with a third ready if needed, but further help will require approval from parliament. the green party do not see it as a simple yes vote. >> the crucial thing about this military involvement is that it must lead to a political process because the military cannot solve the problem. >> parliament must also approve a planned eu training mission
of unemployment in the eu. the latest employment numbers for greece are from october. at that time, nearly 27% of greeks were unemployed. spanish employment levels are not much better. austria, germany, and luxembourg have the best employment numbers, but that's not enough to change a europe-wide trend. eurozone unemployment has been on the rise for the last five years. at the beginning of 2008, the jobless rate stood at 7.2%. today, 11.7% of eurozone residents looking for a job cannot find one. youth unemployment figures are especially worrisome. nearly one in four young people under the age of 25 cannot have a job. youth unemployment in spain tops 55%. >> german lawmakers began debating friday a controversial ban on the far-right party. the previous attempts to outlaw it failed in 2003. >> this new drive to ban the party came after revelations that a neo-nazi group linked to the npd carried out a decade- long string of racially motivated murders. >> a former high-ranking member of the far right npd is thought to have supplied the weapons used by the new lots is in the recent killings. along
the european union. i do going the way of european parliament for an eu able to meet the challenges and you need to come out and say that quite clear as your fellow citizens. mr. president of the republic. [applause] [speaking french] >> translator: i want to thank you for having got the budget treaty ratified in parliament because that's a good sign for europe, but i looked long and hard. i don't see what's happened to your 120 billion euros. where have those billions gone, mr. president? please tell us. we are legislators. and we are men and women of goodwill, but we have a responsibility to our fellow citizens. we get here to talk, teen ago she, you need to know that there are points which we won't give ground on. first of all, there is the question of flexibility. we need to have genuine flexibility in the financial framework between budget alliance and between news. that's how we have managed to run the budget properly in the context of austerity and balanced budget. second, own resource but if the european budget is going to be financed properly, it will allow us to reduce the contrib
year. >>> and the eu moves to clamp down on big paychecks in the banking sector, looking to cap bonuses on a banker's salary as early as next year. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> okay. we're back. you're mobiled up and we have some data. >> yes. it's such a mobile world, isn't it, in many ways. let's first talk about what's happening with the german unemployment figures. we were waiting on these. it turns out 6.9%, that is the unemployment level for germany in january. the unadjusted figure is 7.4%. it's higher than expected. you can see the forecast was for 6.8%. the prior month was revised higher. the rate itself was unchanged. that's a right i think here in london or certainly in the u.s. they wouldn't mind seeing at this point. >> we've created a million private sector jobs. >> in britain? >> yeah. >> well, congratulations. >> there you go. that is the great conundrum, right? >> it's true. the different between -- well, and even with germany. the liesh market social security holding up, despite the sharp contr
. we have francois hollande today speaking to the eu parliament. he's going to lay out his vision for the eu against that economic back drop. >> isn't it amazing? we come into the week yesterday with everyone still talking. you have that great barons cover, you come in, just get the risk trade massively off. and the question for today and the rest of the week is frankly whether that's a bump in the road or the start of a down trend. >> you have the front cover, these are all good contra indicators. >> sorry, media friends. but this is not exactly the best of -- >> we always have timing. on today's show, we're in zurich where we hear from the ceo of ubs about the group's outlook. the swiss bank won to a loss in the fourth quarter. >> and is we'll head out to california for a look at the next offer. it's due to be released later today. we'll be live in madrid as the spanish prime minister's party pledges to fight corruption allegations that have prompted calls for his resition naz. >> and for its to earn its annual forecast on a weaker yen, we have in-depth analysis at 10:40 cet. be
. we have the composite eu gdp number, down 0.6% quarter on quarter. that's what we're looking for and this comes after a weaker than expected german number today, as well. to the extent we talked, italy contracted 0.9%, worse than expected. and revisions to france suggested that they already had a recession in the first and second quarter of 2012, as well. ur low/dollar, just hitting the lows of the session at 133.40. kelly. >> ross, let's slip through the u.s. markets. we are looking for the dow to shed about 20 points from the open. the nasdaq, dow and s&p headed lower. yesterday, we did see a lot of the european indexes hitting intraday highs. china, taiwan, vietnam still closed to celebrate the lunar new year. the nikkei has been the big mover overnight. the ftse 100 after hit ago five-year high yesterday, weaker towards the close today. gig up about a rt yeaher of 1%. interestingly, we're seeing weaker sterling and higher bond yields in the uk. not necessarily the best sign of internal dynamics for britain. germany gdp figures are down. the cac 40 down only about 0.1% tod
a warhead small enough to fit on a long range missile. the eu secured council called an emergency meeting. chery joins us now from seoul. can you tell us first of all what the general reaction has been there and a lot bit about the impact of the economy. we're watching, for example, the south korea and won take a hit this morning. >> well within not much of a reaction on the kospi. it did end down just about 0.26% here. but i wouldn't say it's a big tumble and it is korean won gained. i think by now investors have learned that north korea related tensions and developments, geopolitical issues like this have had impact on the korean market. so that explains the absence of such strong reaction on the stock market. but the latest that we have on this development is that we have china's reaction to north korea's nuclear tests, as well. china's foreign ministry statement goes that it is china's firm stance to realize nonnuclearization for the korean peninsula and prevent a nuclear proliferation and maintain peace and stability in northeast asia. remember, china is north korea's probably one an
in the eu, because they haven't went into europe zone but they are an active member of the eu. she wants to keep them in. >> time is getting a little tight so let's go to questions very quickly. right here and then right over here. >> if you would, enhance economic opportunities in asia, more asian members of congress. >> that's an interesting thought. of course, you had some very senior members of congress, in fact the senior senator just died, senator inouye, wh who had tremendous clip it and you're seeing more and more asian members elected, male and female. and i think you will continue to see that. you know, speak who else? >> well, you have, i think there are several -- you one who is a korean and i think we have one korean-american come and i think you will see more going forward because you've got a lot of asian-americans who are mayors, you know, in major cities. and i think that the answer is i think it would be very helpful to have more asians, americans as members of congress. and, of course, you had a governor who is now ambassador, whose or secretary of commerce, who is now
wanted to keep in the eu because they never went into the eurozone, but they are an active member of the eu. she wants to keep them end. >> time is getting a little tight here, so let's go to two questions very quickly right here and then right over here. >> you said that you would enhance economic opportunities in asia, asian members of commerce. >> that is an interesting question. some very senior members of congress, in fact, the senior senator testified -- just died who had tremendous clout, and you're seeing more and more asian members elected, male and female, and i think he will continue to us see that. you know, -- [inaudible question] >> well, you have -- i think there are several -- one who is korean, one korean-american. at think you will see more going forward because you love a lot of asian-americans who are mayors in major cities to lend that think that if the answer is, i think it would be very helpful to have more asian americans as members of congress. and, of course, he had a governor who is now our ambassador to -- our secretary of commerce who is now our ambass
. we have the eu rising starts, the outstanding british film. but in the major categories, clearly people do look to the bafta the way same they would look to the gloelden gloep globes to see how things were going. "argo" is seen by everybody as a pack leader. there is a strange absence there on best director. whoever wins best director will be remembered as having won in the year that the most significant contender wasn't nominated. >> why isn't he nominated? >> who knows. who knows. i think we got it right, but who knows why he wasn't. one reason is because what they've done with the oscars now is increased the best film from five up to ten. now you have i think it's nine nominations this year. of course you're going to get a mismatch because there aren't the same number of films that there were directed. >> mark, good to see you. thanks so much, indeed. >> thanks for coming by. >> always a very good turn out, as well. >> i still think silver linings with a different name would have done so well. >>> anyway, the clearing up is occurring after nemo. what impact will this have on r
. >> now we go into a full eu heads of state summit. it will be interesting to see if that theory about the euro gains further traction. >> let's roll out the red carpet and watch for the arrivals. thanks, simon. let's get to rick santelli in chicago, where we're still talking about your punch bowl this morning, rick. >>> i'll tell you what, it never ceases to amaze me where somebody like mr. rubin could say nobody could have nope, and yet the government singles out s&p. there's more to this story, or maybe there isn't. like i said, you can't fight city hall. one guy always fighting the battle keeping us informed about what may or may not be happening in europe is mark brand, southwest securities. mark, you were just listening to mr. draghi, and many of your comments, along with many traders on this floor, everyone was wondering when a big salvo to lower the value of the euro will be emanating from europe to keep up with the japanese. has that day arrived? >> no, the day hasn't arrived ye. i'll tell you what has arrived. the way the eu works with the 17 people and the 17 countries in th
Search Results 0 to 15 of about 16 (some duplicates have been removed)